South Korean trade authorities said they have determined that biaxially oriented PET film producers in China and India have been dumping their products in the market, leading to a duty on such imports for five years.
The duty rate ranges from 5.7 percent to 23.6 percent for the Chinese companies involved in the case. The Indian firms will pay a 25.3 percent duty, except for one company that will be charged 10.4 percent.
The investigation began in November 2007, when the Korean Trade Commission began looking into allegations of dumping during 2006.
Beijing-based Fuwei Films (Holdings) Co. Ltd. was one of the three Chinese companies that responded to the complaint, according to the BOPET division of the China Plastics Processing Industry Association.
Fuwei's final anti-dumping duty rate is 5.67 percent, lower than the 6.13 percent rate in the preliminary determination.
The company said it has been focusing on higher-value specialty film products since it entered the South Korean market in 2005.
``We believe [that] is the main reason why our products are assessed a lower ADD rate in this case. We expect to use this competitive advantage to further penetrate the South Korean market,'' said Xiaoan He, Fuwei chairman and chief executive officer, in a news release.